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(516/517) f\Vi U t ^ A R Y hij7 CbVV^ i j 1079 FEDERAL RESERVE BANK OF CHICAGO Selected Interest & Exchange Rates Weekly Series of Charts November 5,1979 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $ 1 5 . 0 0 per year or $ . 4 0 each in the U n i t e d 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE States, its possessions, Canada, and M e x i c o ; 10 or m o r e of the same issue t o one address, $ 1 3 . 5 0 per year or $ . 3 5 each. Elsewhere, $ 2 0 . 0 0 per year or $.50 each. Address requests t o Publications Services, Divi- CHARTS 1. SPOT EXCHANGE RATE INDICES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE- LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO-DOLLAR DEPOSIT RATES 7. SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDICES sion of A d m i n i s t r a t i v e Services, and make p a y m e n t remittance payable t o the order of t h e Board of Governors of the Federal Reserve System in a f o r m collectible at par in U.S. C u r r e n c y . CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=100 RATIO SCALE MARCH 1973=100 120 120 100 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 - CANADIAN DOLLAR 80 60 60 180 160 GERMAN MARK — FRENCH FRANC . 140 - 120 - 100 120 I 160 — 140 — I I I I I — 100 - 80 " 80 240 — - JAPANESE YEN 120 - (l ulululu 200 SWISS FRANC t j ~ \ \ — A- — - tfVvf 160 — n i I II I II I I II I l ^ r T T > r i i u l u l u l u - 140 Illllllllll 120 — 160 160 BELGIAN FRANC 140 - 120 - DUTCH GUILDER A j - — 140 - 120 - - 100 I I I I I - I 100 100 I I I 100 — ITALIAN LIRA U.K. POUND 80 A / - 80 - 60 i 60 - - I I I I I 1077 I n l i i l i i l n 1979 1977 1979 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER AH PER CENT PER ANNUM 6 CANADIAN DOLLAR ITALIAN LIRA U. K. POUND DUTCH GUILDER + 0 6 6 + 0 6 12 18 12 GERMAN MARK - - SWISS FRANC 6 - . - + 0 I I I I I I *\l L- - I 6 JAPANESE YEN FRENCH FRANC + 0 6 12 1977 1979 1977 1979 10/19/79 CHART 3 PRICE OF GOLD IN LONDON s AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE ,S. DOLLARS PER FINE OUNCE 450 450 400 - - 400 350 - - 350 - 300 12.5 Kg BARS AFTERNOON FIXING PRICE 300 - 250 - 250 200 - 200 150 - 150 100 F100 1976 1977 1978 1979 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUMJ PER CENT PER ANNUM 12 14 JAPAN - 10 - OVERNIGHT EURO-DOLLARS </V - ^ - U.S. FEDERAL FUNDS 2 0 16 16 \ I 12 U.K. 2-DAY LOCAL AUTHORITY 12 NETHERLANDS — I I I I I - 4 - 12 I - FRANCE I CANADA J 1 1 1 1 1 - 1 EURO-SWISS FRANC GERMANY EURO-DM - 1977 1979 1977 1979 0 S CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.K. INTERBANK STERLING 12 U.S. CD S WEIGHTED AVERAGE FOREIGN RATE - 10 10 - ^-\ h JAPANESE BANK LOANS AND DISCOUNTS GERMAN INTERBANK RATE r~^ - - 2 4 I I I I I I 17 SWISS INTERBANK RATE — CANADIAN FINANCE CO. PAPER 11 - I I I I I 1977 I bV/ s A . / I 1979 I 1977 I 1979 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 16 3-MONTH OVERNIGHT 6-MONTH 7-DAY 1-YEAR 1-MONTH 1977 1979 1977 1979 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 1'6 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR DEPOSITS RAL FUNDS %90-DAY CD S DASHED LINE F DASHED LINE I I I I I I I I I I I DFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE I I REQUIREMENTS I I 1979 1977 FAVORS BORROWING IN U. S . IF I I I I I I I I I I I I I I I I POSITIVE j 1977 1979 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 16 20 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON 'J U.S. COMMERCIAL PAPER — — 1 DIFFERENTIAL V DIFFERENTIAL * MI.IIIIIII ulnlulu SWISS INTERBANK (SF) COVERED INTERBANK DM COVERED FRANKFURT ! H EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL ]j\f wW V A M A ^ \ U/X.vZ, A / / V W \ . n 1 \ yv 1 1 1977 1 liilnhil 1979 DIFFERENTIAL 1977 I 1979 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER A! :ENT PER ANNUM 12 13 UNITED STATES — — 10 11 CANADA - - 8 9 I 6 I |• I 7 10 7 SWITZERLAND _ > 8 -x. - 5 — 3 GERMANY 6 ^ I 4 I I 1 13 16 FRANCE UNITED KINGDOM 11 14 9 12 7 10 NETHERLANDS 5 11 8 U. S. CORPORATE MONTHLY MONTHLY 11 Aaa BONDS 9 9 JAPAN ^ 7 y EURO-DOLLAR BONDS 7 5 5 1977 1979 1977 1979 CHART 10 INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE 1969=100 RATIO ICALE 1969= DO 200 140 UNITED STATES 120 160 UNITED KINGDOM 100 - 120 - 100 - 80 — 60 80 360 320 JAPAN 280 240 200 100 140 CANADA 120 DISCONTINUED SERIES SWITZERLAND — a/v A v 100 80 ( I r v - y - - 60 80 u I I I I I I n i i i i i i i i i 50 170 170 150 — — 130 130 FRANCE GENERAL INDEX GERMANY 110 110 90 - 90 J 70 150 1977 1979 1977 1979 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1 . SPOT EXCHANGE RATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 31 31 31 31 31 31 31 31 31 5 5 . .37 0 ,. 4 2 3 7 1 49..85 2 0 9 . .13 84.. 6 1 2 3 . .57 59..93 3 ..43574 0.. 1 2 0 1 1 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT . OCT. 31 31 31 31 31 31 31 31 31 1 5 5 . .76 1 1 0 . .94 143. .10 84..58 84..33 106..22 192. . 8 1 1 3 5 . .39 6 8 . .23 31 31 31 31 31 31 31 31 31 31 31 88..85 152. . 0 1 1 0 1 .. 2 1 1 3 2 .. 8 1 75..02 75..28 96..42 178. .55 1 2 4 , .73 5 9 . .95 94..79 31 31 31 31 31 31 31 31 0..97 0.. 6 1 6 . .76 1..45 12.. 5 1 5..94 7..58 - 1 . .40 I N D I C E S , MARCH 1973 BASE RATES = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAR 1973 = 100 ( G - 1 0 COUNTRIES PLUS SWITZERLAND) U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA SWEDISH KRONA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. CHART 2 . 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN I T A L I A N LIRA OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 3 . GOLD PRICE I N LONDON, AFTERNOON F I X I N G OCT. 3 1 380 .08 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 31 31 26 26 26 19 26 26 19 19 15 . 6 1 14 . 5 6 14 . 2 5 12 . 0 5 8 .40 7.61 6 .88 11 . 6 3 8 .13 0.91 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 31 31 31 31 31 31 31 14.47 9.28 7.33 14.69 14.63 3.40 10.45 OCT. OCT. OCT. OCT. OCT. OCT. 31 31 31 31 31 31 14 . 5 6 15 . 3 5 15 . 2 5 15 . 6 5 15 . 3 8 14 . 3 3 OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS OCT. 3 1 OCT. 3 1 OCT. 3 1 14 . 5 6 15 . 6 1 - 1 .05 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . 90-DAY C D ' S , SECONDARY MARKET DIFFERENTIAL OCT. 3 1 OCT. 3 1 OCT. 3 1 15 . 6 5 14 . 4 7 1.18 U.S. DOLLARS PER FINE OUNCE CHART 4 . CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 3-MONTH INTEREST RATES U . S . 90-DAY C D ' S , SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN WEIGHTED AVERAGE FOREIGN INTEREST RATE ( G - 1 0 COUNTRIES PLUS SWITZERLAND) CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES SERIES NAME CHART 8 . LAST VALUE PLOTTED DATE VALUE INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. 31 OCT. 31 OCT. 3 1 15,.65 15..26 0,. 3 9 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL OCT. 3 1 OCT. 3 1 OCT. 3 1 14,. 1 4 15..70 - 1 . .56 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. 3 1 OCT. 3 1 OCT. 3 1 15..65 16..20 - 0 . .55 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL OCT. 3 1 OCT. 3 1 OCT. 3 1 1 5 . ,65 16,.01 - 0 . ,36 CHART 9 . LONG TERM GOVERMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM OCT. OCT. AUG. OCT. OCT. SEPT. OCT. OCT. 26 19 19 26 14 19 19 10.89 7.88 7.92 3.50 11.13 11.65 8.66 11.29 . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 9.44 6.63 8.99 INDUSTRIAL STOCK INDICES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY SEPT. DEC. AUG. OCT. 26 OCT. 19 DEC. 29 OCT. 12 OCT. 19 OCT. 19 OCT. 12 104. .99 3 0 0 .. 3 1 113. . 8 1 149. .40 112.. 5 1 80..45 1 0 0 . .07 FEDERAL RESERVE statistical release H.10(512) NOVEMBER FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 2, 6, 1979 1979 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM (RA1FE U . S . CENTS! OCT. 3 1 MONETARY UNIT OCT. 29 OCT. 3 0 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND 110.1700 7.66284 3.42466 84.5166 18.7564 26.2123 23.6044 55.1785 12.0500 205.5000 0.11983 0.42376 45.7561 4.3725 49.6648 97.1000 19.8570 1.9743 120.6500 1.5083 6.4000 23.5045 59.4530 209.6300 109.8000 7.67607 3.42700 84.5666 18.7688 26.1301 23.6407 55.3250 11.9000 204.7000 0.11983 0.41999 45.4649 4.3725 49.8132 99.6000 19.9005 1.9724 120.5500 1.5058 6.4000 23.4852 59.7193 206.7300 109.7200 7.69231 3.43525 84.4238 18.7970 26.1746 23.6826 55.4324 11.9000 205.2500 0.12003 0.42043 45.6621 4.3725 49.9750 96.6000 19.9481 1.9704 120.5500 1.5058 6.4000 23.5045 60.2228 207.4500 NOV. 1 109.6500 7.71307 3.44828 84.4809 18.7846 26.1986 23.7332 5 5.6483 12.0200 205.9000 0.12045 0.41990 45.6413 4.3725 50.0626 96.6500 19.9720 1.9743 120.5500 1.5047 6.4000 23.5183 60.6244 207.1000 NOV. 2 110.0000 7.77605 3.46861 84.2389 18.8430 26.2639 23.8549 55.8254 11.9500 206.5000 0.12048 0.42635 45.9559 4.3725 50.2008 96.8000 19.9283 1.9724 120.5500 1.5033 6.4000 23.5294 60.9384 206.6500
@FedFRASER